A Study on Total Energy Production, GDP, Total Investment in Fixed Capital and Population in Shandong Province

Abstract

This paper is to aim at analysing the responses of total energy production from the impulses of GDP, total investment in fixed assets and population in Shandong. The impulse response function analysis indicates that Shandong energy production will be greatly influenced by the GDP impulses in the short run and the influences from total investment in fixed capital assets is the smallest in the short run. The influence of total energy production by the population is rather medium compared with the GDP and investment in fixed capital assets. So we can see that GDP growth will greatly influence total energy production. It is necessary for administration to pay attention to the GDP growth as concerning the planning of total energy production.